2014 San Diego Luxury Condo Market Report

The 2014 calendar year was a very strong year for the downtown San Diego luxury condo market. The upward price momentum continued throughout the year fueled by low inventory (with no new condo construction of any sort), strong demand and increased interest from foreign investors in the downtown San Diego market. In 2015 we anticipate the same type of momentum putting upward pressure on prices and we will probably see some price per square foot records being set in some of the most sought after buildings like Bayside, The Pinnacle, The Grande and Harbor Club among others. BOSA is expected to begin construction of an ultra high end condo high rise on the lot located at Pacific Highway and Broadway and it is being rumored that prices will begin around $800,000 for a 1 bedroom. This should help condos in the surrounding building like Park Place, Electra, The Grande, Sapphire Tower and Bayside gain value as buyers will realize there is value to be found in these buildings compared to the new construction in which prices are supposed to be $1,000 plus per square foot.

**Also of Interest**
2011 Luxury Condo Sales Report.

2012 Luxury Condo Sales Report.

2013 Luxury Condo Sales Report.

Number of Luxury Condo Sales
194 (269 in 2013)

Average Selling Price per Square Foot
$615 (up from $566 in 2013, $521 in 2012 & $484 in 2011)

Average Selling Price
$953,029 (up from $832,639 in 2013, $772,229 in 2012 $739,239 in 2011)

Lowest Sale per Foot
Electra at $345 / Sq Ft

The lowest priced sale per square foot in 2014 was for a condo at Electra with 2 bedroom 2 baths and 1,305 sq ft. Located on the 1st floor this residence offered no views and was in need of upgrading.

Highest Sale per Foot
The Pinnacle at $1,178 / Sq Ft

Just as last year and the year before, the higher sale per square foot was for a condo at The Pinnacle. This sale was for a high floor condo with 4 bedrooms, 4 baths and 2,144 square feet. Located on the 29th floor with panoramic views it sold for $2,525,000.

Overall Lowest Sale Price
Electra $308,000

This 4th floor Electra residence features 1 bed, 1 bath and 7090 sq ft sold for $308,000. The 4th floor at Electra is a strange floor, with some units not even having a balcony and limited amount of windows. This was the lowest priced sale in a luxury high rise for 2014.

Overall Highest Sale Price
Meridian $4,100,000

Meridian is home to some of the most spacious floor plans in all San Diego. This 5,160 square feet, 4 bedroom, 4 bath luxury condo sold for $4,100,000 or approximately $795 per square foot.

Lowest Average Selling Price by Neighborhood
East Village $740,757

Highest Average Selling Price by Neighborhood
Marina $1,092,203

Lowest Average Price per foot by Neighborhood
East Village $597 per foot

Highest Average Price per foot by Neighborhood
Columbia $635 per foot

Building with The Least Sales
The Metropolitan = 3 Condo Sales

Building with the Most Sales
The Grande Towers = 26 Condo Sales

Lowest Average Selling Price
Sapphire Tower at $593,219

Highest Average Selling Price
The Metropolitan at $1,294,833

Lowest Average Selling Price per Foot
The Grande North $486 per foot

Highest Average Selling Price per Foot
The Metropolitan $822 per foot

2014 Downtown San Diego Luxury Condo Sales by Building

   
Building#
Sales in Building
Average
Selling Price
Average
Price per Sq Ft
Bayside22$1,183,273$682
Electra18$762,425$577
Harbor Club14$972,565$679
Horizons13$1,001,538$605
Meridian15$1,506,600$563
Park Place9$945,444$658
Renaissance20$990,125$545
Sapphire Tower4$593,219$578
The Grande North11$621,045$486
The Grande South15$857,123$607
The Legend14$604,821$542
The Mark23$751,230$602
The Metropolitan3$1,294,833$822
The Pinnacle13$1,222,615$813
Grand Total194$953,029$615

*Source: San Diego MLS – Data deemed reliable but not guaranteed

2014 Downtown San Diego Luxury Condo Sales by Neighborhood

 Values  
Neighborhood#
Sales in Neighborhood
Average
Selling Price
Average
Price per Sq Ft
Columbia District83$936,276$635
East Village District40$740,757$597
Marina District71$1,092,203$600
Grand Total194$953,029$615

*Source: San Diego MLS – Data deemed reliable but not guaranteed

2014 Closed Downtown San Diego Luxury Condo Sales

AddressTotBdsTotBEstSFSold Price COEBuilding     
1325 Pacific
Highway  106
221,115$600,000$5386/30/14Bayside     
1325 Pacific
Highway 103
221,448$610,000$4211/22/14Bayside     
1325 Pacific
Highway  109
221,431$715,000$5007/7/14Bayside     
1325 Pacific
Highway  1305
221,196$720,000$6026/9/14Bayside     
1325 Pacific
Highway  1105
221,196$739,000$6187/31/14Bayside     
1325 Pacific
Highway  107
231,834$825,000$4505/27/14Bayside     
1325 Pacific
Highway 1004
221,462$835,000$5715/5/14Bayside     
1325 Pacific
Highway  315
332,152$963,000$4478/15/14Bayside     
1325 Pacific
Hwy  707
221,319$975,000$73911/20/14Bayside     
1325 Pacific
Hwy  307
332,042$1,010,000$49511/12/14Bayside     
1325 Pacific
Highway  312
232,042$1,025,000$5026/18/14Bayside     
1325 Pacific
Highway 1207
321,474$1,050,000$7122/18/14Bayside     
1325 Pacific
Highway  308
332,042$1,100,000$53910/17/14Bayside     
1325 Pacific
Highway  1702
321,404$1,125,000$8016/4/14Bayside     
1325 Pacific
Hwy  1407
221,474$1,135,000$7708/26/14Bayside     
1325 Pacific
Highway  1507
221,474$1,150,000$7807/31/14Bayside     
1325 Pacific
Highway  2901
231,860$1,365,000$7348/22/14Bayside     
1325 Pacific
Highway  2307
321,474$1,400,000$9508/29/14Bayside     
1325 Pacific
Highway 2807
221,474$1,450,000$9844/1/14Bayside     
1325 Pacific
Highway  2101
231,811$1,475,000$8149/18/14Bayside     
1325 Pacific
Highway 3204
332,448$2,475,000$1,0114/21/14Bayside     
1325 Pacific
Highway 3502
233,226$3,290,000$1,0204/2/14Bayside     
700 W E Street
402
11709$308,000$4348/22/14Electra     
700 W E Street
303
11962$394,000$4104/22/14Electra     
700 W E Street
401
211,036$449,000$4335/3/14Electra     
700 W E St.
104
221,305$450,000$34512/19/14Electra     
700 W E Street
605
221,161$527,000$4549/2/14Electra     
700 W E Street
1505
221,161$610,000$5257/3/14Electra     
700 W E Street
503
221,324$646,908$48912/6/14Electra     
700 W E Street
1402
221,215$710,000$5849/29/14Electra     
700 W E Street
1503
221,370$739,500$54010/8/14Electra     
700 W E Street
2202
221,215$785,000$6461/21/14Electra     
700 W E Street
3403
221,389$789,000$5689/15/14Electra     
700 W E Street
1903
221,370$790,000$5779/9/14Electra     
700 W E St
2803
221,212$860,000$7109/30/14Electra     
700 W E Street
3004
221,488$879,000$5913/12/14Electra     
700 W E Street
1901
321,465$945,000$6451/7/14Electra     
700 W E Street
2701
221,465$1,095,000$7478/18/14Electra     
700 W E Street
2206
221,548$1,235,000$7984/14/14Electra     
700 W E Street
3101
221,707$1,511,250$8853/14/14Electra     
100 Harbor
Drive 705
111,036$538,000$5195/2/14Harbor Club     
100 Harbor
Drive  505
111,036$539,000$52012/29/14Harbor Club     
100
Harbor  1406
111,036$592,000$57110/6/14Harbor Club     
200 Harbor
Drive  2803
111,036$729,000$7047/22/14Harbor Club     
200 Harbor
Dr  3103
111,036$746,000$72010/23/14Harbor Club     
200
Harbor  901
221,572$800,000$5098/28/14Harbor Club     
100 Harbor
Drive  904
221,572$862,500$5497/17/14Harbor Club     
100 Harbor
Drive 1504
221,572$900,000$5731/15/14Harbor Club     
200 Harbor
Drive 2701
221,572$950,000$6042/24/14Harbor Club     
200 Harbor
Drive  1202
221,474$975,000$66111/5/14Harbor Club     
200 Harbor
Drive 3301
221,572$1,160,000$7384/30/14Harbor Club     
100 Harbor
Drive  2505
221,474$1,174,405$7975/16/14Harbor Club     
200 Harbor
Drive 3302
221,474$1,425,000$9672/3/14Harbor Club     
100 Harbor
Drive  3604
332,085$2,225,000$1,06710/15/14Harbor Club     
555 Front
Street 1501
221,036$515,000$4972/28/14Horizons     
555 Front
Street  605
221,245$520,000$4185/27/14Horizons     
555 Front
Street 1601
221,036$520,000$5022/7/14Horizons     
555 Front
Street 2201
221,263$655,000$5192/4/14Horizons     
555 Front
Street  1901
221,245$695,000$5585/19/14Horizons     
555 Front
Street 1703
221,215$700,000$5762/6/14Horizons     
510 First
Ave  1801
221,263$725,000$5746/26/14Horizons     
510 1st
Avenue  704
321,544$905,000$5866/13/14Horizons     
555 Front  1902221,390$945,000$68012/12/14Horizons     
510 1st Avenue
2401
232,007$1,450,000$7224/22/14Horizons     
555 Front
Street 2204
332,468$1,465,000$5943/4/14Horizons     
555 Front
Street  2402
332,111$1,900,000$9009/3/14Horizons     
555 Front
Street 2202
342,752$2,025,000$7362/13/14Horizons     
700 Front
Street  1106
121,460$530,000$3636/2/14Meridian     
700 Front
St  1907
121,200$579,000$48312/10/14Meridian     
700 Front
Street  904
121,380$795,000$57610/11/14Meridian     
700 Front
Street  503
121,970$825,000$41911/6/14Meridian     
700 Front
Street  2206
221,950$930,000$47712/19/14Meridian     
700 Front
Street  2604
232,580$1,000,000$3889/29/14Meridian     
700 Front
Street  1305
232,220$1,010,000$45511/14/14Meridian     
700 Front
Street 509
222,250$1,030,000$4583/27/14Meridian     
700 Front
Street  2605
232,580$1,200,000$4658/26/14Meridian     
700 Front
Street 1405
232,200$1,250,000$5684/22/14Meridian     
700 FRONT
Street  1501
232,560$1,900,000$74210/28/14Meridian     
700 Front  2502333,050$2,200,000$72111/14/14Meridian     
700 Front
Street  2402
333,050$2,300,000$7549/30/14Meridian     
700 Front
Street  1701
233,760$2,950,000$78512/12/14Meridian     
700 Front
Street 2405
445,160$4,100,000$7953/27/14Meridian     
700 W Harbor
Drive 1506
221,113$650,000$58412/23/14Park Place     
700 W Harbor
Drive 302
221,374$655,000$47711/12/14Park Place     
757 W G Street321,455$735,000$5052/18/14Park Place     
700 W Harbor
Drive 1402
221,374$799,000$5823/7/14Park Place     
700 W Harbor
Drive 304
221,575$885,000$5624/7/14Park Place     
700 W Harbor
Drive 1304
221,545$1,080,000$6991/7/14Park Place     
700 Harbor
Drive  1501
321,545$1,125,000$7287/15/14Park Place     
700 W Harbor
Drive 2503
221,353$1,230,000$9094/2/14Park Place     
700 W Harbor
Drive 2104
121,545$1,350,000$8744/28/14Park Place     
645 Front
Street  1202
111,103$525,000$47610/21/14Renaissance     
645 Front
Street  611
231,295$660,000$5105/19/14Renaissance     
645 Front
Street  South 712
231,295$677,500$5239/23/14Renaissance     
645 Front  806231,295$689,000$5329/12/14Renaissance     
645 Front
Street  1305
231,281$705,000$5507/24/14Renaissance     
645 Front
Street  609
231,700$737,000$4346/2/14Renaissance     
645 Front
Street 1914
221,390$750,000$5402/7/14Renaissance     
645 Front
St.  1112
231,295$750,000$57911/4/14Renaissance     
645 Front
Street  106
332,306$800,000$34712/5/14Renaissance     
645 Front
Street 105
231,555$810,000$5214/1/14Renaissance     
645 Front
St.  1003
231,700$820,000$4828/25/14Renaissance     
645 Front
Street  301N
231,760$848,000$4827/31/14Renaissance     
645 Front
Street 1403
231,700$875,000$5152/28/14Renaissance     
645 Front
Street 908
331,701$1,010,000$5941/28/14Renaissance     
645 Front  310331,829$1,026,000$5618/25/14Renaissance     
645 Front
Street 1608
331,724$1,075,000$6241/2/14Renaissance     
645 Front
Street 1901
231,878$1,405,000$7481/21/14Renaissance     
645 Front
Street 1908
231,880$1,425,000$7584/30/14Renaissance     
645 Front
Street 2003
343,731$2,075,000$5564/15/14Renaissance     
645 Front
Street  2002
443,783$2,140,000$5667/23/14Renaissance     
1262 Kettner
Boulevard 703
01505$320,000$6343/21/14Sapphire Tower     
1262 Kettner
Blvd  2003
11904$552,875$6128/29/14Sapphire Tower     
1262 Kettner
Boulevard  1202
221,283$700,000$5466/5/14Sapphire Tower     
1262 Kettner
Boulevard  606
221,535$800,000$5218/22/14Sapphire Tower     
1205 Pacific
Highway 203
12899$375,000$4171/10/14The Grande North     
1205 Pacific
Highway 1204
12899$392,000$4361/30/14The Grande North     
1205 Pacific
Highway  1604
12899$429,000$4775/19/14The Grande North     
1205 N Pacific
Highway 804
12899$438,000$4877/10/14The Grande North     
1205 Pacific
Highway 503
221,336$595,000$4451/24/14The Grande North     
1205 Pacific
Highway  307
221,550$610,000$3947/8/14The Grande North     
1205 Pacific
Highway  1403
221,336$735,000$5506/17/14The Grande North     
1205 Pacific
Highway  2003
221,336$792,500$59310/31/14The Grande North     
1205 Pacific
Highway 1306
321,684$800,000$4753/3/14The Grande North     
1215 Pacific
Highway 109
231,890$805,000$4261/7/14The Grande North     
1205 Pacific
Highway  2905
221,325$860,000$64910/14/14The Grande North     
1199 Pacific
Hwy  1403
12899$459,000$5118/28/14The Grande South     
1199 Pacific
Highway  3303
12899$529,850$5898/18/14The Grande South     
1199 Pacific
Hwy  2303
12899$535,000$5958/20/14The Grande South     
1199 Pacific
Highway Highway 3403
12899$539,000$6003/7/14The Grande South     
1199 Pacific
Highway  904
221,336$693,000$5199/17/14The Grande South     
1199 Pacific
Highway  1805
221,625$745,000$45810/24/14The Grande South     
1199 Pacific
Highway 1804
221,336$779,000$5831/3/14The Grande South     
1199 Pacific
Hwy  2402
221,325$788,000$5959/30/14The Grande South     
1199 Pacific
Highway 1505
321,625$900,000$5542/21/14The Grande South     
1199 Pacific
Highway  2904
221,336$900,000$6749/12/14The Grande South     
1199 Pacific
Highway  1401
321,514$905,000$59811/21/14The Grande South     
1199 Pacific
Highway 2505
321,625$979,000$6024/10/14The Grande South     
1199 Pacific
Highway  1206
321,944$1,350,000$6946/30/14The Grande South     
1199 Pacific
Highway  1406
321,944$1,370,000$7059/3/14The Grande South     
1199 Pacific
Highway  3301
221,684$1,385,000$8229/2/14The Grande South     
325 7th
Avenue  301
221,138$511,500$4496/6/14The Legend     
325 7th
Avenue  906
22972$537,000$5526/13/14The Legend     
325 7th
Ave  1306
22973$540,000$55512/12/14The Legend     
325 7th Avenue
1107
22935$542,000$5803/12/14The Legend     
325 7th Avenue
408
221,025$563,000$5493/3/14The Legend     
325 7th  601221,203$580,000$4829/21/14The Legend     
325 7th Avenue
903
22935$580,000$6204/17/14The Legend     
325 7th Avenue
902
22973$585,000$6011/29/14The Legend     
325 7th Avenue
1002
22973$599,000$6162/11/14The Legend     
325 7th  1801221,138$635,000$5588/12/14The Legend     
325 7th
Avenue  305
221,208$640,000$5308/1/14The Legend     
325 7th Avenue
1902
22935$645,000$6903/14/14The Legend     
325 7th Avenue
210
331,889$725,000$3843/24/14The Legend     
325 7th Avenue
213
331,876$785,000$4181/31/14The Legend     
800 The Mark
Lane 404
11842$390,000$4635/5/14The Mark     
800 The Mark
Lane 403
11878$421,500$4804/3/14The Mark     
800 The Mark
Lane 503
11878$430,000$4902/4/14The Mark     
800 The Mark
Lane  207
21991$452,000$4569/15/14The Mark     
800 The Mark
Lane 405
11993$460,000$4633/3/14The Mark     
800 The Mark
Lane  2002
11903$485,000$53711/20/14The Mark     
800 The Mark
Lane 509
11875$485,000$5544/30/14The Mark     
800 The Mark
Lane  202
11988$490,000$49611/19/14The Mark     
800 The Mark
Lane  1103
11878$495,000$5645/6/14The Mark     
800 The
Mark  1503
11878$496,000$56512/2/14The Mark     
800 The
Mark  1506
11760$525,000$6917/11/14The Mark     
800 The Mark
Lane 1904
11905$530,000$5864/23/14The Mark     
800 The
Mark  2603
11878$550,000$6263/28/14The Mark     
800 The
Mark  2204
11905$565,000$62412/9/14The Mark     
800 The Mark
Lane 1706
121,051$615,000$5851/10/14The Mark     
800 The Mark
Lane  1806
121,051$635,000$6047/11/14The Mark     
800 The Mark
Lane  1601
221,324$725,180$5485/15/14The Mark     
800 The Mark
Lane 2406
121,054$787,500$7471/10/14The Mark     
800 The Mark
Lane 1607
221,309$807,000$6171/23/14The Mark     
800 The Mark
Lane  2305
221,133$815,000$71910/31/14The Mark     
800 The Mark
Lane  2408
221,243$919,100$7396/30/14The Mark     
800 The Mark
Lane  2803
442,430$2,100,000$8648/29/14The Mark     
800 The Mark
Lane 3200
013,742$3,100,000$8283/14/14The Mark     
165 6th
Avenue  2801
121,200$932,500$7777/25/14The Metropolitan     
165 6th Avenue
2401
231,584$1,182,000$7464/14/14The Metropolitan     
165 6th Avenue
2203
231,880$1,770,000$9414/11/14The Metropolitan     
550 Front
Street 907
11669$385,000$5752/15/14The Pinnacle     
550 Front
Street  502
11723$399,000$5527/21/14The Pinnacle     
550 Front
Street 702
11669$403,000$6022/28/14The Pinnacle     
550 Front
Street  2502
221,045$740,000$7087/31/14The Pinnacle     
550 Front
Street  505
221,297$745,000$5745/20/14The Pinnacle     
550 Front
Street  301
231,501$812,000$5416/23/14The Pinnacle     
550 Front
Street  708
231,509$1,125,000$74610/10/14The Pinnacle     
550 Front
Street 1401
231,537$1,515,000$9863/12/14The Pinnacle     
550 Front
Street 1701
231,675$1,550,000$9254/1/14The Pinnacle     
550 Front
Street 3003
331,587$1,575,000$9924/30/14The Pinnacle     
550 FRONT
ST  1908
231,676$1,800,000$1,0749/30/14The Pinnacle     
550 Front
St  3203
432,075$2,320,000$1,1189/29/14The Pinnacle     
550 Front
Street  2904
442,144$2,525,000$1,17810/1/14The Pinnacle     
             

*Source: San Diego MLS – Data deemed reliable but not guaranteed

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